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3 November 2024 | 2 replies
Refi and recoup the same costs (hml, holding costs, down payment, closing costs)• Over the remainder of the year, continue building a new down payment using the recouped primary residence down payment, mfu positive cash flow, and any money left over after primary residence PITI (PMI should be removed after the BRRRR on the property)11.
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1 November 2024 | 19 replies
It offers a secure and transparent process for both buyers and sellers.NoteTrader Exchange: An online marketplace where you can list your note for potential buyers.LoanMLS: A marketplace for buying and selling mortgage loans and notes.FCI Exchange: Another platform where you can list and sell your notes to investors.Note Investing Forums and CommunitiesBiggerPockets: A popular real estate investing community where you can network with potential note buyers.LinkedIn Groups: Join groups focused on note investing and real estate to connect with potential buyers.National Note Group: An online community where you can connect with other note investors.Note Brokers and BuyersNote Brokers: Engage with reputable note brokers who have access to a network of note buyers.Local Real Estate Investor Groups: Attend meetings and network with local investors who might be interested in purchasing your note.Financial InstitutionsCredit Unions and Community Banks: These institutions may be interested in purchasing performing notes.Private Equity Firms: Some firms specialize in acquiring performing mortgage notes.I hope this give some direction regarding your situation.
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7 November 2024 | 18 replies
It’s always important to do thorough research before committing to any program.About Partner DrivenAs one of the owners, I can provide some insight into what we offer at Partner Driven:100% Financing: We cover the costs of acquiring and rehabbing properties, removing significant financial barriers for many investors.Ongoing Coaching: We provide continuous support and mentorship to help you succeed in real estate investing.Profit Sharing: We operate on a 50/50 profit split, ensuring both parties benefit from successful deals.Unique Value: Our program is designed to be hands-on, providing practical experience, full funding, and absorbing the financial risk, which is different from what a book or a typical class might offer.Transparency and SupportWe strive to be transparent and supportive, and I’m genuinely sorry to hear that some people have felt otherwise.
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1 November 2024 | 0 replies
Southern border of the land is Wilson Creek (a large, well established, full time creek with old growth trees)Approx 1 acre of non-recoverable flood zone along length of creekTwo small ponds on the property, which can be filled in to utilizeSmall neighborhood to East of property line with utilities ready and available for project Currently a couple of older homes and barn structures on property (100% liveable and well maintained)Wilmeth Rd is currently expanding down the block to a 4 lane road which connects to Highway 75 in McKinneyLarge developments are underway within a 1/2 mile to 3 miles out radius<4 miles to Costco, ChickFilA, WholeFoods, Cinemark, major hospitalAT&T Fiber and Atmos Gas at front of propertyA water well can be run, if desired, or tap into the city's water (currently on city water and has large main at front of property)A CE firm has drawn up plans for a small, 12 home, 3/4 acres development.
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4 November 2024 | 26 replies
We are also entrepreneurs who have run a successful marketing firm since 2011, so we have experience building a business from scratch, hiring, marketing, building and leading teams, high-level negotiating, etc.
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1 November 2024 | 8 replies
I would totally refinance into a conventional loan to remove MIP but you cant until you reach ~20% equity or have 15 years of payments?
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1 November 2024 | 9 replies
Sometimes I received phone calls from angry note sellers who want to be removed from their list or want to let me know that their husband or dad had died and the family had already sold the note.
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31 October 2024 | 15 replies
When I asked about this I was more or less told that because they run the purchase/sale through the agent's brokerage firm it makes the process more efficient and there are all these moving parts etc.
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1 November 2024 | 7 replies
It might be time to have a firm conversation with the tenant, letting them know that going forward, rent needs to be paid in full on the due date as stated in the lease.